NEWS - TWHBEA Continues to Lose Money

TWHBEA has published their Comparative Statements of Activities, which is printed in the Voice magazine and available to view online at this link.  If you can't get it to open, below is the statement itself ( click for a larger view.)

I also found this document: the Independent Auditors' Report of TWHBEA's FY of 2009.

Let's take a look at all of these numbers in the revenue department.

11-30-2008:  $3,448,108.00
11-30-2009:  $2,307,710.00   Earnings in 2009 from 2008: - $1,140,398.00
10-31-2010:  $1,963,702.04   Earnings in 2010 from 2009: - $   344,007.96
10-31-2011:  $1,641,139.77   Earnings in 2011 from 2010: - $   322,562.28
Loss of earnings from 2008 to 2011:  $1,806,968.23

Now if we look at the individual departments within TWHBEA, we can see that membership and registry have been going down since 2008.  In fact, the only departments where TWHBEA gained money in 2009 compared to 2008 was in Contributions, Gifts and Grants ($35,386.00).  In 2010, they only gained money in the Pleasure Horse ($3,972.00), Youth (2,882.20), and Horse Show (2,700.00) departments.

Now I can't find information (yet) comparing financial information from 2009 to 2010, but it kinda really isn't necessary, since there's a pretty clear trend.  TWHBEA continues to lose memberships, registration and support.  And why are they not realizing that the place they most gain money is in the Pleasure Horse division?  What does that tell you, TWHBEA?  Who are the most important assets to your business?  It clearly isn't in the members and registrations.

Also, how many of you TWHBEA members realize that your membership money is going to pay for severance packages for former TWHBEA employees?  To the tune of $44,234, no less.  Nothing like contributing to a business rather than an association that supports its members and the horse.

I think the continued affirmations I keep hearing that TWHBEA has started making money again are clearly false.  Or, perhaps reps from TWHBEA are just lying to their membership in order to make them think everything's okay.  Does everyone see how all of this is spiraling out of control?  First it starts with one excuse, then another one to cover up that excuse, then another one...what's your excuse this time, TWHBEA, when the numbers are right here in front of us in black and red?